This multibagger stock hits upper circuit after multi-million order

New Delhi: Microcap multibagger firm Poojawestern Metaliks rallied 5 per cent to hit upper circuit on Friday as the company bagged a multimillion order from a US based company.

The BSE-listed industrial products manufacturer has received orders worth Rs 1.51 crore for lead-free brass plumbing parts and pipe fitting products from Mueller Streamline Co., the company said in an exchange filing.

Mueller Streamline Co is a group company of USA based Mueller Industries Inc., which has given an order of 6,06,712 quantity for lead free brass plumbing parts and pipe fittings products.


Following the announcement, shares of Poojawestern Metaliks zoomed 5 per cent, locked in a daily buyer's circuit to Rs 59.35 on Friday. The scrip had settled at Rs 56.55 on Thursday.

The company has been given a four month period for the completion of the order, which is to be executed by February 9, 2023, the company said in the exchange filing.

Shares of Poojawestern Metaliks have turned multibagger as the stock has rallied 103 per cent in the last one month. It has gained about 22 per cent in the last one week.

Poojawestern Metaliks manufactures and exports non-ferrous metal scrap, brass plumbing fittings, brass ingots and brass sanitary fittings. It exports its product to gulf, Middle East countries, Europe and USA.